This story appeared in Bank Digest.
Senate Banking Committee Democrats have written a letter to Consumer Financial Protection Bureau Director Richard Cordray in which they praised his work as CFPB director and emphasized the need for his leadership at the bureau in President-elect Donald Trump's administration. The senators said that polling shows the vast majority of Americans agree that the CFPB is doing great work and also noted that during Cordray's tenure, the CFPB has received praise from civil rights groups, consumer advocates, and financial industry organizations.
According to the senators, "Under your leadership, the CFPB has worked to protect servicemembers, seniors, students, and working families of all backgrounds from predatory financial schemes and illegal discrimination." They said they hoped Cordray continues "to lead the charge against companies that take advantage of hardworking Americans."